One piece of equipment of the enterprise was damaged by fire, the original price was 1 million, and

1) First, transfer the damaged fixed assets to the liquidation.

Debit: Fixed Asset Disposal 80,000 - Provision for impairment of fixed assets.

Debit: Accumulated depreciation 20000

Borrow: Provision for impairment of fixed assets (if any).

Credit: Fixed assets 100,000

2) In the event of a clean-up fee.

Borrow: Disposal of fixed assets.

Credit: Bank deposits.

3) When the income from the sale of fixed assets is recovered.

Borrow: bank deposits (raw materials, etc.).

Credit: Disposal of fixed assets.

4) When it should be compensated by the insurance company or the negligent person, borrow: other receivables.

Credit: Disposal of fixed assets.

5) Recognize the net loss or net income from the disposal of fixed assets.

Debit: Non-operating expenses or Fixed asset disposal.

Credit: Disposal of fixed assets or Non-operating income.

6) VAT shall be accrued on the income from the liquidation fee.

Borrow: Disposal of fixed assets.

Credit: VAT Payable - Output Tax.

If the fixed assets are damaged or scrapped due to force majeure reasons (natural disasters, accidents, wars, etc.), the appraisal report issued by the relevant functional departments, such as the disaster certificate issued by the fire department, the accident scene treatment report issued by the public security department, the vehicle damage report certificate, the house demolition certificate issued by the housing management department, and the inspection report of the boiler, elevator and other security inspection departments, etc., can only be deducted when deducting the enterprise income tax declaration after being approved by the tax authorities.

Borrow: Disposal of fixed assets.

Accumulated depreciation 20

Credit: Fixed Assets.

Borrow: non-operating expenses, etc.

Credit: Disposal of fixed assets.

Borrow: 50,000 fixed assets disposalAccumulated depreciation 450,000

Credit: fixed assets 500,000

Borrow: bank deposit 20000

Credit: Fixed assets disposal 20,000

Borrow: fixed assets disposal 3500

Credit: Bank deposit 3500

Borrow: non-operating expenses 33,500

Credit: Disposal of fixed assets 33,500

Or: Borrow: Fixed asset disposal 50000

Accumulated depreciation 450,000

Borrow: non-operating expenses of 50,000

Credit: 50,000 fixed assets disposal

Borrow: Fixed asset disposal 20000

Credit: Non-operating income 20,000

Borrow: bank deposit 20000

Credit: Fixed assets disposal 20,000

Borrow: Non-operating expenses 3500

Credit: Bank deposit 3500

Disposal of fixed assets.

"Disposal of fixed assets" is an asset class account, which is used to calculate the value of fixed assets transferred to liquidation by the enterprise due to **, scrapping and damage, as well as the liquidation expenses and liquidation income incurred in the liquidation process. The debit side registers the net value of fixed assets transferred to liquidation and the expenses incurred in the process of liquidation; The credit registers the price obtained, the residual value and the sale income of the fixed asset.

Its debit balance represents the net loss after liquidation; The credit balance represents the net gain after the liquidation. After the liquidation is completed, the net income will be transferred to the "non-operating income" or "asset disposal gain" account according to whether the assets still have value; The net loss is transferred to either the "Non-Operating Expenses" account or the "Gains and Losses on Asset Disposal" account.

Debit: Accumulated depreciation of 160

Provision for impairment of fixed assets10

Fixed asset disposal 80

Credit: Fixed Assets 250

Borrow: Non-operating expenses 80

Credit: Fixed asset disposal 80

If a piece of equipment is damaged, it should be disposed of as a fixed asset, and the book value of the fixed asset should be carried forward to the accounting entry for the disposal of fixed assets

Debit: Fixed asset disposal 800,000

Accumulated depreciation 1600000

Provision for impairment of fixed assets 100,000

Credit: Fixed assets 2,500,000

Entries for the finished goods warehouse.

Borrow: 300,000 fixed assets are disposed of

Accumulated depreciation 200,000

Credit: fixed assets 500,000

Borrow: non-operating expenses of 50,000

Bank deposit 250000

Credit: 300,000 fixed assets disposal

Entries for the production of finished products.

Borrow: 30,000 non-operating expenses

Bank deposit 230000

Credit: 260,000 goods in stock

Residual revenue. Borrow: Bank deposit 8000

Credit: non-operating income 8000

Wang's compensation.

Debit: 3000 other receivables

Credit: Non-operating expenses 3000

Accounting entries for loss of goods due to natural disasters.

If a natural disaster causes a loss of goods, the input tax is deductible. The loss of commodities caused by natural disasters should first be included in the "property loss and excess to be disposed of", and then transferred to "non-operating expenses" after the cause is ascertained.

Borrow: Pending Property Loss and Excess - Natural Disaster Loss.

Credit: Inventory of goods.

Borrow: Non-operating expenses.

Credit: Pending Property Loss and Excess - Natural Disaster Loss.

The loss and excess of property to be disposed of is an account in accounting, which belongs to the asset class account, which accounts for the profit, loss and damage of various property and materials that have been identified by the enterprise in the process of checking the property. After the cause is ascertained, there should be no balance of the property to be disposed of. If the cause is not ascertained, the balance of the "Pending Property Losses and Losses" account at the end of each month in the middle of the year can be listed in the "Other Current Assets" account in the balance sheet separately according to the liquidity of the property.

Non-operating expenses refer to non-operating expenses other than the cost of principal business and other operating expenses. Such as fine expenses, donation expenses, extraordinary losses, etc.

The Notice on the Pre-tax Deduction Policy for Enterprise Asset Losses clearly states that the term "asset loss" in this notice refers to the asset loss actually incurred by an enterprise in its production and business activities and related to the acquisition of taxable income, including cash loss, deposit loss, bad debt loss, loan loss, equity investment loss, inventory loss, damage, scrapping, theft loss of fixed assets and inventory, losses caused by force majeure factors such as natural disasters and other losses.

Before Approval Processing:

Borrow: 11,700 property losses and surpluses to be disposed of

Credit: 10,000 for raw materials

Tax Payable - VAT Payable (Input Tax Transferred Out) 1700 after approval processing:

Borrow: non-operating expenses 11,700

Credit: 11,700 property losses and surpluses to be disposed of

Borrow: non-operating expenses 11,700

Credit: 10,000 for raw materials

Tax payable – VAT payable (input tax transferred out) 1700

Debit: Other receivables - a indemnification of the person responsible.

Non-operating expenses.

Credit: raw materials.

Accounting entries refer to the records of an economic business that indicate the accounts and amounts that should be borrowed and credited, referred to as entries. Accounting entries are composed of three elements: the direction of debit and credit, the name of the corresponding account (account) and the amount to be credited.

There should be something wrong with this entry. To buy steel, it should be borrowed: raw materials; Credit: Bank deposits.

Then carry forward the cost at the end of the month, borrowing: the cost of main business; Credit: raw materials.

The enterprise lost 10,000 yuan of raw materials due to fire, 1,700 yuan of value-added tax, and the accounting entries were.

Before Approval Processing:

Borrow: 11,700 property losses and surpluses to be disposed of

Credit: 10,000 for raw materials

Tax Payable - VAT Payable (Input VAT Transfer) 1700

After approval processing:

Borrow: non-operating expenses 11,700

Credit: 11,700 property losses and surpluses to be disposed of

Extended Information:1Value-added tax: Value-added tax is a turnover tax levied on the basis of the value-added amount generated by goods (including taxable services) in the process of circulation.

In terms of tax calculation principle, value-added tax is a turnover tax levied on the added value or added value of commodities in multiple links in the production, circulation and labor services. The implementation of off-price tax, that is, borne by the consumer, there is a value-added tax, no value-added tax.

2.Value-added tax is a tax levied on units and individuals that sell goods or provide processing, repair and repair services, as well as import goods. Value-added tax (VAT) has become one of the most important taxes in China, accounting for more than 60% of China's total tax revenue, making it the largest tax.

The State Administration of Taxation is responsible for the collection of value-added tax, and 50% of the tax revenue is the first fiscal revenue, and 50% is the local revenue. The value-added tax on imports is collected by the customs, and all tax revenues are fiscal revenues. On March 15, 2019, Premier *** said at the second session of the 13th National People's Congress in the Great Hall of the People in Beijing that the value-added tax will be reduced on April 1 and the social security premium rate will be reduced on May 1.

On March 5, Prime Minister said in the "2021 ***** Work Report" that the VAT threshold for small-scale taxpayers would be raised from 100,000 yuan to 150,000 yuan per month. For small and micro enterprises and individual industrial and commercial households with an annual taxable income of less than 1 million yuan, the income tax shall be reduced by half on the basis of the current preferential policies.

Losses due to mismanagement.

Borrow: non-operating expenses 11,700

Credit: Tax Payable - VAT Payable - Input Tax Transferred Out 1700 Credit: Raw Materials 10000

It is not a loss caused by mismanagement.

Borrow: non-operating expenses 10,000

Credit: 10,000 for raw materials

1) First, transfer the damaged fixed assets to the liquidation.

Debit: Fixed asset disposal 80,000 - Provision for impairment of fixed assets Borrow: Accumulated depreciation 20,000

Borrow: Provision for impairment of fixed assets (if any).

Credit: Fixed assets 100,000

2) In the event of a clean-up fee.

Borrow: Disposal of fixed assets.

Credit: Bank deposits.

3) When the income from the sale of fixed assets is recovered.

Borrow: bank deposits (raw materials, etc.).

Credit: Disposal of fixed assets.

4) When it should be compensated by the insurance company or the negligent person, borrow: other receivables 60,000

Credit: Fixed assets disposal 60,000

5) Recognize the net loss or net income from the disposal of fixed assets.

Debit: Non-operating expenses or Fixed asset disposal.

Credit: Disposal of fixed assets or Non-operating income.

6) VAT shall be accrued on the income from the liquidation fee.

Borrow: Disposal of fixed assets.

Credit: VAT Payable - Output Tax.

If the fixed assets are damaged or scrapped due to force majeure reasons (natural disasters, accidents, wars, etc.), the appraisal report issued by the relevant functional departments, such as the disaster certificate issued by the fire department, the accident scene treatment report issued by the public security department, the vehicle damage report certificate, the house demolition certificate issued by the housing management department, and the inspection report of the boiler, elevator and other security inspection departments, etc., can only be deducted when deducting the enterprise income tax declaration after being approved by the tax authorities.

Debit: bank deposit 60000

Accumulated depreciation 20,000

Non-operating expenses 20,000

Credit: Fixed assets 100,000

1. Borrow: liquidation of fixed assets.

Borrow: Accumulated depreciation.

Credit: Fixed Assets - Plant.

2. If there is income after cleaning.

Borrow: cash in hand or bank deposits, Credit: disposal of fixed assets.

3. Borrow: non-operating expenses, Credit: Disposal of fixed assets.

Extended information: Accounting entry (also known as: bookkeeping formula, referred to as entry) refers to a record that lists the accounts of both parties and their amounts corresponding to each economic transaction according to the principle of double-entry bookkeeping.

Before registering the account, the accounting entries are prepared through the accounting vouchers, which can clearly reflect the classification of economic operations, which is conducive to ensuring the correctness of the account records and facilitating subsequent inspection.

1. This account accounts for the income tax expenses recognized by the enterprise that should be deducted from the total profit of the current period.

2. This account can be divided into "current income tax expense".", "Deferred income tax expense.""Perform detailed accounting.

3. The main accounting treatment of income tax expenses.

On the balance sheet date, the current income tax payable calculated and determined by the enterprise in accordance with the provisions of the tax law shall be debited to this account (current income tax expense) and credited"Tax Payable – Income tax payable"Subjects.

At the balance sheet date, the balance due under deferred tax assets is greater than "deferred tax assets.""The difference between the account balances, debited"Deferred tax assets"Account, credited to this account (deferred income tax expense), "Capital Reserve - Other Capital Reserve"and other subjects; The due balance of deferred tax assets is less than "deferred tax assets.""The difference in the account balance is reversed as an accounting entry. The deferred income tax liabilities that should be recognized by the enterprise should be adjusted in accordance with the above principles"Items and related subjects.

4. At the end of the period, the balance of this course should be transferred to the "current year's profit.""There is no balance in this account after the carry-over.

The format in which the accounting entries are prepared.

First: borrow first and then lend, borrow and loan to the branch to write and change the branch, and the text and amount.

The number of cheats should be staggered; In the case of multiple loans or multiple loans, it is required that the words and amount figures of the debit or credit must be aligned.

Second: the credit accounting symbol, account, and amount should be one square back from the debit, indicating that the debit is on the left and the credit is on the right.

There are two types of accounting entries: simple entries and compound entries, of which simple entries are entries that borrow and loan; Compound entries are one loan multiple credit entries, multiple loan one loan, and multiple loan multiple credit entries.

It should be pointed out that, in order to maintain a clear correspondence between accounts, it is generally not appropriate to merge different economic operations together and prepare accounting entries for multiple loans and loans. However, in some special circumstances, in order to reflect the overall picture of economic operations, it is also possible to prepare accounting entries for multiple loans and loans.